SHA:688479 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	47.77	42.67	80.71	114.81	107.78	122.3
Depreciation & Amortization	6.38	6.38	4.84	6.27	6.69	7.21
Other Amortization	1.55	1.55	0.52	0.39	0.64	0.5
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.01	-0.02	-	-
Loss (Gain) From Sale of Investments	-16.26	-16.26	-20.71	-27.95	-6.37	-7.99
Stock-Based Compensation	-	-	2.19	6.54	14.28	15.32
Provision & Write-off of Bad Debts	10.36	10.36	4.02	10.4	13.87	4.12
Other Operating Activities	3.72	-7.99	-3.66	4.04	1.65	-1.2
Change in Accounts Receivable	-31.65	-31.65	13.42	-4.28	-87.23	-40.44
Change in Inventory	17.82	17.82	32.23	26.09	-48.97	-35.8
Change in Accounts Payable	-4.07	-4.07	-27.89	-48.1	54.91	59.76
Operating Cash Flow	30.77	13.95	80.29	88.33	52.09	124.23
Operating Cash Flow Growth	-46.59%	-82.62%	-9.10%	69.56%	-58.07%	53.28%
Capital Expenditures	-0.1	-0.23	-158.11	-36.96	-1.86	-1.9
Sale of Property, Plant & Equipment	0	0	0.02	0.02	-	-
Investment in Securities	151	-100	115	-260	-	-60
Other Investing Activities	18.59	18.76	27.15	21.73	10.43	8.91
Investing Cash Flow	169.48	-81.47	-15.95	-275.21	8.56	-52.99
Long-Term Debt Repaid	-	-0.5	-2.91	-5.47	-5.95	-6.69
Net Debt Issued (Repaid)	-0.5	-0.5	-2.91	-5.47	-5.95	-6.69
Issuance of Common Stock	-	-	-	1,106	-	-
Repurchase of Common Stock	-23.33	-23.33	-7.91	-	-	-
Common Dividends Paid	-71.26	-71.26	-72.15	-	-	-54.12
Dividends Paid	-71.26	-71.26	-72.15	-	-	-54.12
Other Financing Activities	11.22	-	-	-19.88	-1.6	-7.75
Financing Cash Flow	-83.87	-95.09	-82.96	1,080	-7.55	-68.55
Net Cash Flow	116.38	-162.61	-18.62	893.44	53.1	2.7
Free Cash Flow	30.66	13.72	-77.82	51.37	50.23	122.34
Free Cash Flow Growth	-36.00%	-	-	2.28%	-58.94%	54.81%
Free Cash Flow Margin	5.98%	2.68%	-13.08%	6.98%	7.59%	20.77%
Free Cash Flow Per Share	0.22	0.10	-0.54	0.40	0.47	1.17
Cash Income Tax Paid	26.11	24.5	19.84	32.36	46.24	36.16
Levered Free Cash Flow	22.77	7.78	-126.31	3.63	-6.78	76.8
Unlevered Free Cash Flow	22.78	7.79	-126.26	3.74	-6.63	77.06
Change in Working Capital	-22.73	-22.73	12.39	-26.16	-86.44	-16.02

Source: S&P Global Market Intelligence. Standard template. Financial Sources.